Succession seals £5.3m advice acquisition

The acquisition of the firm, which has £150m in funds under management, is the 22nd made by Succession in total. The company is targeting a further nine deals for member firms in 2016 and 50 by the end of 2017.

MMLP senior partner Michael Moore adds: “I set up MMLP in 1971 and the last five years, since joining Succession and stabilising my business, have been the most relaxed.

“Under Succession’s guidance, we transitioned MMLP to a fee-based, recurring income model, instead of always chasing new business, and we introduced a long-term wealth management proposition that focuses on meeting clients’ financial goals, rather than investment performance.”